Award

RISK MANAGEMENT SYSTEM

NATIONAL WEALTH FUND LIMITED

This public procurement record has 2 releases in its history.

AwardUpdate

17 Mar 2025 at 09:35

AwardUpdate

23 Dec 2022 at 09:31

Summary of the contracting process

This procurement process was conducted by UK Infrastructure Bank Limited, based in Leeds, England, for the acquisition of a Risk Management System classified under the industry category of System Management Software Package (CPV code: 48781000). The contract was awarded on 11th May 2022, and it commenced on 16th May 2022, with an initial end date of 15th May 2025 which has now been extended to 15th May 2026. The procurement method used was a selective call-off from a framework agreement, focusing on services. The total value of the contract is £191,800 in GBP, and it was awarded to CAM Management Solutions Limited, a small and medium-sized enterprise (SME) located at 17 Marble Street, Manchester (postal code: M2 3AW), England. The software system is designed to support comprehensive risk management processes within a single platform, enhancing operational efficiency.

This tender presents growth opportunities for SMEs that specialise in software development, particularly those focusing on enterprise risk management systems. Businesses capable of delivering robust system management solutions that streamline risk identification, assessment, treatment, and management will find this contract relevant. With an extended contract period until May 2026, participating in similar future tenders could foster long-term business relationships and provide a stable revenue stream. Firms well-versed in handling strategic, operational, and project risks are ideal contenders for such procurement processes, aiming to contribute to significant enhancements in risk management practices within large-scale infrastructure projects.

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Notice Title

RISK MANAGEMENT SYSTEM

Notice Description

The software will support and streamline enterprise/operational risk management processes through identification, assessment, treatment and management of all strategic, operational/tactical and project risks within a single system. 04.03.2025 Variation V-00289 -To exercise the extension option in the contract for a further 12 months (now expiring 15/05/2026)

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-0ac73a3d-9835-4cc9-8624-be76dfa9c9d0
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/0c814451-0290-4dd6-921e-1dbb38d74b33
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems


CPV Codes

48781000 - System management software package

Notice Value(s)

Tender Value
£241,800 £100K-£500K
Lots Value
Not specified
Awards Value
£241,800 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
17 Mar 202511 months ago
Submission Deadline
9 May 2022Expired
Future Notice Date
Not specified
Award Date
10 May 20223 years ago
Contract Period
15 May 2022 - 15 May 2025 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
NATIONAL WEALTH FUND LIMITED
Additional Buyers

UK INFRASTRUCTURE BANK LIMITED

Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LEEDS
Postcode
LS1 4HR
Post Town
Leeds
Country
England

Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE4 West Yorkshire
Small Region (ITL 3)
TLE42 Leeds
Delivery Location
Not specified

Local Authority
Leeds
Electoral Ward
Hunslet & Riverside
Westminster Constituency
Leeds South

Supplier Information

Number of Suppliers
1
Supplier Name

CAM MANAGEMENT SOLUTIONS

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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